Alibaba’s Jack Ma to exit five business divisions

Hangzhou, 21st March: Jack Ma, Alibaba’s co-founder, will step down as chairman of the board of directors at the Alibaba Group in the coming September. Recently, it was reported he has also relinquished his active roles in five subsidiaries.

According to media reports, the five subsidiaries are Alibaba’s technology, education technology, Taobao software, network technology and software departments.